The controversial Elon Musk has returned to the leadership of the ranking of millionaires, after Tesla has registered a 100% rebound in the shares of the electric car manufacturer since its minimum in January.
Tesla shares rose 5.5% to $207.63 yesterday, boosting Musk’s net worth.
In information released by Bloomberg, Musk would have recovered the title of the richest person in the world, because according to the calculations of the specialized media, Musk’s fortune totaled $187.100 million dollars at the close of operations this Monday, exceeding the fortune $185.3 billion from Frenchman Bernard Arnault.
After a few difficult months, Musk had lost the leadership of millionaires to the owner of LVMH. Last December Bernard Arnault had displaced Musk to second place as he tried to bring order to Twitter’s recent acquisition of him.
But now with Tesla shares rallying, the South African-American businessman has returned to the distinguished position of Bloomberg billionaires.
Musk knows what it’s like to own the world’s largest fortune and to win huge amounts, but he also knows the taste of losses, as last year he saw around $200 billion of his wealth disappear after a difficult year. in which he bought the social network that is still trying to get it ready, of an economic slowdown that has especially affected technology companies and of complications in all his companies.
Today his fortune has been favored by the price of Tesla’s shares, a company in which he is betting heavily and which is guiding the future of many automotive companies that are rapidly heading towards the production of electric vehicles.
By the way, Musk could be announcing a new investment in Mexico very soon, where he wants to build a plant and an ecosystem of companies to continue Tesla’s development.
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